G.Communication: Difference between revisions
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The aggressive strategy has at times caught the attention of the [[government of Japan|government]]. In October 2006, the [[Financial Services Agency]] ordered G.Communication to pay a [[¥]]390,000 fine for [[insider trading]] after purchasing shares of one of its subsidiaries that was planning a [[capital increase]] before the information became public. In 2006, it acquired all of the shares of an English-language school chain in [[Hokkaido]] with some 50 schools, merging it into G.Education, part of the group. |
The aggressive strategy has at times caught the attention of the [[government of Japan|government]]. In October 2006, the [[Financial Services Agency]] ordered G.Communication to pay a [[¥]]390,000 fine for [[insider trading]] after purchasing shares of one of its subsidiaries that was planning a [[capital increase]] before the information became public. In 2006, it acquired all of the shares of an English-language school chain in [[Hokkaido]] with some 50 schools, merging it into G.Education, part of the group. |
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In November 2007, G.Communication took over [[Nova (eikaiwa)|Nova]] after it filed for bankruptcy in November 2007.<ref name="jtimes-nova" /> Following the April 2010 bankruptcy of [[GEOS (eikaiwa)|GEOS]], G.Communication also took over 230 schools owned by the company.<ref>[http://www.asahi.com/national/update/0421/TKY201004210222.html 英会話学校のジオスが破産申請 負債７５億円] Asahi Shimbun, April 21, 2010. Retrieved April 21, 2010.</ref><ref>{{cite news|url=http://www.yomiuri.co.jp/dy/business/T100421005821.htm|title=Geos English school files for bankruptcy|date=2010-04-22|publisher=Yomiuri|accessdate=22 April 2010 |
In November 2007, G.Communication took over [[Nova (eikaiwa)|Nova]] after it filed for bankruptcy in November 2007.<ref name="jtimes-nova" /> Following the April 2010 bankruptcy of [[GEOS (eikaiwa)|GEOS]], G.Communication also took over 230 schools owned by the company.<ref>[http://www.asahi.com/national/update/0421/TKY201004210222.html 英会話学校のジオスが破産申請 負債７５億円] Asahi Shimbun, April 21, 2010. Retrieved April 21, 2010.</ref><ref>{{cite news|url=http://www.yomiuri.co.jp/dy/business/T100421005821.htm |title=Geos English school files for bankruptcy |date=2010-04-22 |publisher=Yomiuri |accessdate=22 April 2010 |deadurl=yes |archiveurl=https://web.archive.org/20100426073909/http://www.yomiuri.co.jp:80/dy/business/T100421005821.htm |archivedate=April 26, 2010 }}</ref> |
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On 1 October 2010, Nova's 490 locations nationwide and GEOS's 167 were sold by G.Education to Inayoshi Capital, owned by G.Education founder [[Masaki Inayoshi]].<ref>Geos, Nova English schools change ownership once again http://www.yomiuri.co.jp/dy/business/T101005004522.htm Retrieved 16 October 2010</ref> |
On 1 October 2010, Nova's 490 locations nationwide and GEOS's 167 were sold by G.Education to Inayoshi Capital, owned by G.Education founder [[Masaki Inayoshi]].<ref>Geos, Nova English schools change ownership once again http://www.yomiuri.co.jp/dy/business/T101005004522.htm Retrieved 16 October 2010</ref> |
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Revision as of 14:07, 22 January 2016
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| Company type | Public |
|---|---|
| Industry | Language instruction |
| Founded | Okazaki, Japan (1998) |
| Headquarters | Nagoya, Japan |
Key people | Masaki Inayoshi (稲吉 正樹, Inayoshi Masaki) Founder[1] |
| 2,786 million JPY | |
| Website | g-com.jp |
G.Communication, also abbreviated as G.com, is a Japanese kabushiki kaisha based in Nagoya, Japan. The company is an operator of restaurant chains, juku (cram schools), and eikaiwa (language schools).[2]
History
G.Communication Group was started in Aichi, Japan. Masaki Inayoshi first opened a private cram school in 1994 called "Ganbaru Gakuen".[1] G.Communication grew rapidly due to aggressive mergers and acquisitions. Headed by Inayoshi, the firm expanded its business by purchasing shares of restaurant chains, including sushi chain Heiroku in July 2005 and Yakinikuya Sakai Co. in May 2007.
The aggressive strategy has at times caught the attention of the government. In October 2006, the Financial Services Agency ordered G.Communication to pay a ¥390,000 fine for insider trading after purchasing shares of one of its subsidiaries that was planning a capital increase before the information became public. In 2006, it acquired all of the shares of an English-language school chain in Hokkaido with some 50 schools, merging it into G.Education, part of the group.
In November 2007, G.Communication took over Nova after it filed for bankruptcy in November 2007.[2] Following the April 2010 bankruptcy of GEOS, G.Communication also took over 230 schools owned by the company.[3][4]
On 1 October 2010, Nova's 490 locations nationwide and GEOS's 167 were sold by G.Education to Inayoshi Capital, owned by G.Education founder Masaki Inayoshi.[5]
As of February 1, 2012 Nova was sold to Jibun Mirai Associe Co Ltd.[6] G.Communication still owns some GEOS operations outside Japan, located in Singapore, Hong Kong, Taipei, and Thailand.[7]
Criticisms
Criticism of the company has been made regarding: 'disorganization and putting profit before quality and teacher's rights'.[8]
References
- ^ a b Takahara, Kanako (2007-11-08), "G.communication announced as sponsor for Nova", Japan Times
- ^ a b "G.communication set to reopen Nova school in Nagoya", Japan Times, 2007-11-12
- ^ 英会話学校のジオスが破産申請 負債７５億円 Asahi Shimbun, April 21, 2010. Retrieved April 21, 2010.
- ^ "Geos English school files for bankruptcy". Yomiuri. 2010-04-22. Archived from the original on April 26, 2010. Retrieved 22 April 2010.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ Geos, Nova English schools change ownership once again http://www.yomiuri.co.jp/dy/business/T101005004522.htm Retrieved 16 October 2010
- ^ "Jibun Mirai website". Retrieved 2012-06-06.
- ^ G Communication website Group structure Retrieved on June 12, 2012
- ^ Eikaiwa on the ropes after fall of Geos May 4, 2010 By RICHARD SMART The Japan Times
External links
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